Number of Buyers Looking to Purchase a Property in Essex Is Up Year on Year, Says Alpha-Imobiliare
Timis, October 15, 2015 (Newswire.com) - Over the last 12 months*, Chelmsford has recorded the largest increase in applicants (42%), followed by Hornchurch (26%) and Basildon (18%). (* Source: Alpha-imobiliare data - May 2014 compared with May 2015).
The numbers of buyers chasing each property has also surged in parts of Essex, with Chelmsford recording the largest increase, up by 64% year on year, followed by Hornchurch up by 27% and Romford up by 25%.
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“Demand for property in Essex is booming and this has been helped by the fantastic mortgage deals that are offer and, of course, the Government’s Help To Buy Scheme. Recent Bank of England figures show that the number of house loan approvals for April hit 68,000, the biggest monthly rise in UK mortgage approvals since 2009. “There has never been a better time to buy, as the mortgage price war has been driving home loan rates to record lows. For example, in April HSBC began offering a five-year fixed-rate home loan with a 1.99% rate – the first time a deal of this type had been available at below 2%. Soon after this, the UK’s cheapest-ever two-year fixed-rate mortgage, priced at 1.09%, went on the market. However, in order to access these deals, borrowers need to pass tougher lending tests and require a sizeable deposit. “Our research shows that Chelmsford has seen the number of applicants leap by 42%, as the city continues to attract commuter and professionals, due to the redevelopment and investment in the city centre. Chelmsford boasts a new housing development at Beaulieu Park and a new station, plus a new small development of high-end, luxury properties. There are also plans to transform former Dukes nightclub site with a public piazza, surrounded by 93 apartments, a medical centre, coffee shop and farmer’s market.” For further information, contact your local office or visit www.alpha-imobiliare.com and www.apartament-timisoara.com
- Ends
- Notes to Editor:
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For further information,
please contact: Alpha-imobiliare Strada Wolfgang Amadeus Mozart 4a, II 307160 Dumbravita Timis,
Romania Tel: 0734-347.163
Email: office@alpha-imobiliare.com
Website: www.alpha-imobiliare.com and www.apartament-timisoara.com